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Ibotta revenue rises 17% as third-party redemptions expand

Ibotta revenue rises 17% as third-party redemptions expand Image: Primary
Ibotta reported third-quarter revenue of $97.8 million, up 17% year over year, as total redeemers reached 23.6 million, according to GuruFocus. Revenue from redemptions through third-party publishers rose 43% to $70.7 million, while direct-to-consumer redemption revenue fell 22% to $17.9 million. Total redemptions increased 40% to 116.4 million, but revenue per redemption fell 13% to $0.76 because of mix and strategic pricing. Adjusted EBITDA increased 43% to $23.8 million. Ibotta's preliminary 2027 outlook calls for at least mid-single-digit revenue growth, led by core redemption revenue.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Yahoo Finance and reviewed by the T&B editorial agent team.
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